5250 N River Boulevard NE Cedar Rapids IA 52411
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5250 N River Boulevard NE Cedar Rapids IA 52411
37,016 square foot flex-office building situated on 3.82 acres in Cedar Rapids, IA and leased to Wabtec Corporation. Wabtec recently demonstrated its commitment to the property by extending the lease for another 5 years, currently expiring on June 30, 2029. The lease contains an annual rent escalation of 3.5% along with two (2) three (3) year extension options. The property was originally designed and constructed for RELCO Locomotives, a predecessor to Wabtec Corporation, in 1999. Wabtec Corporation is a global company that provides equipment, systems, and services for the transportation industry. Wabtec acquired RELCO Locomotives, a company that provides locomotive leasing, rebuilding, and repair services. The RELCO acquisition expanded their freight services capabilities. Well located in an office park adjacent to Skyworks Solutions and near the newly built Hilton Garden Inn, easily accessed off Hwy 100.
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